harrah s cherokee casino weatherAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. Add that into the sports betting thesis, and there’s room for more upside in the stock.“We believe there are eight to 12 states that could go down the path of legalizing sports betting this year which should continue to support long-term total addressable market (TAM) estimates (no matter how crazy they are),” said Wieczynski.Other Levers to PullThe Stifel analyst points out that Caesars remains intent on divesting a Strip property, and that process could accelerate as coronavirus vaccines are distributed on a broader scale. “Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.”The analyst says another potential spark for Caesars is the 55 and up age demographic. wild casino vegas slotsSeen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. (Image: AP)Conceived by former President Donald Trump, the Boardwalk casino resort opened in May of 1984. Neither the billionaire nor his family have been involved in the gaming industry for many years.The building has been crumbling in recent years, and the towering structure has been a stark reminder of the region’s economic difficulties over the past decade-plus. casino near me texas

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jamul casino newsThe implosion includes the resort’s original 39-story hotel and casino. Caesars Palace Las Vegas, seen here. He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. cache creek casino winners 2019Trump Plaza in Atlantic City is scheduled for demolition on February 17. The new forecast implies upside of more than 25 percent from current levels.While COVID headwinds could pressure near-term estimates as travel/gathering restrictions remain in place (and could get worse), we believe CZR remains well positioned long-term as the world eventually recovers from this pandemic, given their compelling asset mix (Vegas/regionals/sports betting/iGaming),” said the analyst.Earlier this month, Nevada Gov. Icahn never found a suitable buyer for either casino. free casino slots to play

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downstream casino gamess more upside where that came from for the Harrah’s operator. The pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more abslotocash casino free 31out the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. The implosion includes the resort’s original 39-story hotel and casino. (Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from . Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. desert diamond casino glendale